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Another $60M of tethers printed according to tether printer
Poast new message in this thread
Date: February 14th, 2018 1:12 PM Author: Nubile tattoo https://twitter.com/tetherprinter?lang=en
and market is risigin. holy shit |
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Date: February 14th, 2018 1:43 PM Author: Doobsian claret puppy nibblets pls advise on what we should do (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35401819) |
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Date: February 14th, 2018 2:17 PM Author: Nubile tattoo ur guess is as good as mine, but my opinion is that you can ride the swings up while the tether printer is a-humming, then exit once there is any sign of instability. momentum trading is less optimal (you dont maximize the amount of money make), but also can help save you from another inevitable 40% downturn when the printer turns off
in general i would not advise going/hodling all in until the tether thing is cleared up and there is a massive correction from that
but this shit is all tea leaves anyway so who knows |
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Date: February 14th, 2018 3:12 PM Author: Aphrodisiac Cowardly Meetinghouse most of us made out like bandits the last time there was a 40% downturn (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35402632) |
Date: February 14th, 2018 3:13 PM Author: Olive Hyperactive Box Office 180 keep em coming (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35402644) |
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Date: February 15th, 2018 9:17 AM Author: Impertinent jew Tethers are a necessary market product. Things that fill a need, provide value. Things that provide value grow the economic pie for everyone. (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35408050) |
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Date: February 15th, 2018 9:21 AM Author: boyish senate When Tethers are printed, are they used to directly buy BTC? Or are they put in people's accounts that buy the Tethers?
What happens during a crash when everyone tries to Tether? How doesn't it get more out of whack than rising to $1.10 or so? |
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Date: February 15th, 2018 9:26 AM Author: Impertinent jew At some point in time, there is a Tether/BTC transaction. If people are given a tether, they're essentially given $1 they can exchange for BTC.
They have to print more to keep the price from rising to $1.10. The more demand, the more supply is needed. Filling demand = filling a need/adding value |
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Date: February 15th, 2018 9:57 AM Author: boyish senate They don't give them out.
They print them, then how are they put into the market? Does the company purchase BTC with them, or sell them to people in the market through the exchanges? |
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Date: February 15th, 2018 9:56 AM Author: Slap-happy Roast Beef Theatre The Tethers model absolutely allows for a 1:1 backing to USD.
The only real time question for me is whether Tethers/Bitfinex are doing shady shit with their money and/or BTC behind the scenes. Knowing crypto, I wouldn't be surprised.
As I said in another thread, the Tethers model allows them to make money when Bitcoin rises. My question is whether they sell their BTC immediately to ensure the 1:1 backing, or if the market is declining, do they sit on the BTC and wait for it to bounce back. |
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Date: February 15th, 2018 9:59 AM Author: boyish senate It does seem a little "One weird trick"-ish, and crypto is full of fraud, so it is probably somewhat fraudulent. But, whatever, there are extremely good investment opportunities, and I can't stay out of the market just because this one small piece of it is probably shit pure shit. (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35408267) |
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Date: February 15th, 2018 10:01 AM Author: Olive Hyperactive Box Office (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35408283) |
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Date: February 21st, 2018 3:29 PM Author: Nubile tattoo hmm odd that its going back down now that the printer stopped (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35453940) |
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Date: February 21st, 2018 6:52 PM Author: Lake splenetic keepsake machete orchestra pit Noticing a pattern here (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35455537) |
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Date: February 21st, 2018 6:41 PM Author: adventurous macaca theater We need more (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35455476) |
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Date: February 21st, 2018 6:53 PM Author: Lake splenetic keepsake machete orchestra pit Where is Ben Bernanke when you need him (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35455539) |
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Date: February 21st, 2018 7:28 PM Author: Nubile tattoo (http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35455781) |